The Qatar Stock Exchange made marginal gains for the second consecutive day to scale 10,200 levels, mainly on the back of buying in the banking and transport counters.
Foreign and Gulf institutions turned bullish as the 20-stock Qatar Index settled 0.05% higher at 10,200.98 points.
Local retail investors were increasingly net buyers on the market, whose key benchmark is down 0.95% year-to-date.
Market capitalisation however saw 0.06% or QR33mn decline to QR563.37bn mainly owing to microcap segments.
Islamic equities were seen declining vis-à-vis gains in the main index on the market, where domestic funds and the Gulf individuals turned bearish.
Trade turnover rose amidst lower volumes on the bourse, where banking and realty sectors together accounted for more than 69% of the total volume.
The Total Return Index was up 0.05% to 18,770.67 points, while All Share Index was down 0.01% to 3,006.39 points and Al Rayan Islamic Index (Price) by 0.38% to 2,286.47 points.
The banks and financial services sector index gained 0.44%, transport (0.39%) and telecom (0.02%); while industrials declined 0.81%, insurance (0.72%), real estate (0.66%) and consumer goods (0.6%).
Major gainers included Commercial Bank, Masraf Al Rayan, Qatar Oman Investment, Qatari German Company for Medical Devices, Gulf International Services, Mesaieed Petrochemical Holding, Al Khaleej Takaful and Nakilat; even as Industries Qatar, Ezdan, United Development Company, Vodafone Qatar and Gulf Warehousing were among the losers.
Non-Qatari funds turned net buyers to the tune of QR34.9mn compared with net sellers of QR1.66mn on November 3.
Local retail investors’ net buying increased significantly to QR11.95mn against QR2.66mn the previous day.
The Gulf institutions were net buyers to the extent of QR3.17mn compared with net sellers of QR4.14mn on Sunday.
However, domestic institutions turned net sellers to the tune of QR40.4mn against net buyers of QR3.29mn on November 3.
The Gulf individuals were also net sellers to the extent of QR8.05mn compared with net buyers of QR0.24mn the previous day.
Non-Qatari individuals’ net profit booking strengthened noticeably to QR1.56mn against QR0.38mn on Sunday.
Total trade volume fell 32% to 88.82mn shares, while value rose 49% to QR177.25mn and transactions by 36% to 4,389.
The consumer goods sector’s trade volume shrank 78% to3.48mn equities, whereas value grew 15% to QR21.5mn and deals by 48% to 580.
The telecom sector reported 69% plunge in trade volume to 2.15mn stocks, 59% in value to QR4.64mn and 21% in transactions to 195.
The banks and financial services sector’s trade volume tanked 48% to 34.95mn shares, while value increased 68% to QR80.97mn and deals by 38% to 1,583.
There was 4% fall in the real estate sector’s trade volume to 26.58mn equities but on 19% jump in value to QR22.14mn and 11% in transactions to 565.
However, the insurance sector’s trade volume grew more than five-fold to 4.71mn stocks and value also by more than five-fold to QR11.13mn on more than tripled deals to 290.
The transport sector’s trade volume more than doubled to 2.52mn shares and value also more than doubled to QR10.68mn on almost doubled transactions to 174.
The industrials sector saw 27% surge in trade volume to 14.44mn equities, 78% in value to QR26.2mn and 33% in deals to 1,002.
In the debt market, there was no trading of treasury bills and sovereign bonds.
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